Party $40k Guar. hand

[el Jefe]

last nights PP $40k. about an hour in and we've lost half the field (~2500 started) but are far from the money. Avg stack is 2000 and I have 1655 to start the hand. blinds are still relatively small (25/50) but go up to 50/100 in about two minutes. UTG is very loose and has lost 2/3 of his stack over the last 15 minutes calling alot and folding post-flop. No real reads on UTG+1.

9 handed. big blind is 50.
UTG (1030) and UTG+1 (2580) limp
two folds and I make it 250 in CO-1 with A[img]/images/graemlins/heart.gif[/img]K[img]/images/graemlins/heart.gif[/img]
folded around to the limpers who both call (pot 825)

flop is K[img]/images/graemlins/spade.gif[/img] 8[img]/images/graemlins/club.gif[/img] 7[img]/images/graemlins/spade.gif[/img]

UTG goes all-in for 780
UTG+1 goes all-in for 2330

Hero (1405)...???

let me end by saying while new to MTTs I'm not at all happy with my results (0 cashes thus far in about 25 large field tourneys -- mostly these and a few Supers -- yeah I know, get back to us when you're 0-1000) However, it seems as though hands like these can be critical early on for either accumulating chips or avoiding trouble and I'd like to be sure I'm playing them right

thanks.

-Jeff